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Markets mostly down ahead of the Federal Reserve’s meeting - Tuesday Review, April 27

Miguel A. Rodriguez
Miguel A. Rodriguez
28 April 2021
Investors exercised caution ahead of FED’s meeting, big tech earnings

The U.S.

Wall Street traded largely flat ahead of the two-day FED meeting due to start Wednesday. USA30 added 0.01%, while USA500 fell 0.02%. TECH100 traded 0.34% lower.

Crude oil rose 2.12% to $63.22 a barrel.

Gold was down 0.28% to $1,775.15 per ounce.

The Dollar Index was up 0.12% at 90.890.


Asia and Australia

Japan225 traded 0.4% lower, as new COVID-19 infections remained a worry in the region even though the Bank of Japan announced that it would keep the monetary policy unchanged.

HongKong45 inched down 0.09%.

Down under, Australia200 fell 0.50%.

USD/JPY rose 0.63% to 108.77.



Stock market traded mostly unchanged, with investors focusing on earnings from companies like HSBC and BP, ahead of the start of the Federal Reserve’s two-day meeting.

Germany30 and France40 were flat. UK100 climbed 0.1%.

Brent oil traded 1.72% higher at $66.15 a barrel.

EUR/USD traded at 1.2087 after it gained 0.03%.


The information presented herein is prepared by and does not intend to constitute Investment Advice. The information herein is provided as a general marketing communication for information purposes only and as such it has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is not subject to any prohibition on dealing ahead of the dissemination of investment research.                                                                                                                            Users/readers should not rely solely on the information presented herewith and should do their own research/analysis by also reading the actual underlying research. The content herewith is generic and does not take into consideration individual personal circumstances, investment experience, or current financial situation.Therefore, Key Way Investments Ltd shall not accept any responsibility for any losses of traders due to the use and the content of the information presented herein. Past performance and forecasts are not reliable indicators of future results.

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Miguel A. Rodriguez
Miguel A. Rodriguez
Financial Writer

Miguel worked for major financial institutions such as Banco Santander, and Banco Central-Hispano. He is a published author of currency trading books.